Mortgage Rates Improve At Slightly Faster Pace

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Posted To: Mortgage Rate Watch

Mortgage rates were more unified in their improvements today after beginning the week rather equivocally on Tuesday. Most lenders offered improved interest rates or reduced costs (or increased lender credit) for the same rates available yesterday. Additionally, several large lenders offered bigger-than-average improvements, doing more to affect the average day-over-day change. In fact, 3.375% is edging back into the frame of reference as a Best-Execution rate for 30yr Fixed, Conventional loans, though 3.5% remains the most prevalent. ( Read More:What is A Best-Execution Mortgage Rate? ) Little happened in financial markets to motivate the move. Ironically, it was that very absence of information that actually facilitated the moderate improvements. While the House did in fact pass legislation...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/292654.aspx

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